I remember threads about Menards awhile ago in this newsgroup and thought they left me with the impression that Menards was a bit better than Lowes, Home Depot, or other big box stores. One in my area opened recently last month and I wasn't real impressed - not much different than any of the other big boxes. Oak was S4S shrink wrapped around $6.95 bd. ft. (Wonder what good is shrink wrapping lumber (even 12' long boards) - but that's a different question). The lumber kid couldn't tell me where the plywood was from - saw edge voids in their 'premium grade' 3/4" oak. The power tool section had a contractors portable table saw - no other stationary tools except compressors.
Maybe Menards have gone down in quality / offerings or stores vary greatly by region. I wasn't real impressed and won't be making any special trips to shop there.