Sears to Offer On-Demand Video Service

The parent company of retail giants Sears and Kmart announced plans Tuesday to offer an on-demand video service later this year to take advantage of a new wave of Internet TVs and Blu-ray players. The service, which will come installed on Web-enabled devices from several consumer electronics manufacturers, would not only thrust the retailer into the online video space with tech companies such as Google Inc., Netflix Inc., Amazon.com or Apple Inc., but also into competition with cable and satellite TV companies that are banking on their own video on-demand and pay-per-view services.