Lowe’s Cos. is challenging Menards’ 11 percent rebates with a similar promotion this weekend, a ratcheting-up of competition in one of the retail industry’s hottest segments.

In a new promotion running through Sunday in markets that include the Twin Cities, Lowe’s customers who make a purchase for any amount will get a coupon printed on their receipt good for 11 percent off at a future visit between Oct. 31 and Dec. 31.

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