Skechers USA Inc shares dropped 9.6% on Thursday last week, marking their worst daily performance since February, after CFO John Vandemore warned at an industry conference that China sales will remain under pressure for the rest of the year. The stock closed at $61.56, its lowest since early August, while competitors Nike and Under Armour saw brief dips before recovering. Vandemore highlighted worsening conditions in China, a key market that accounts for over a quarter of Skechers’ sales. Despite the setback, Wall Street remains optimistic, with 17 buy ratings and an average price target of $81, representing more than a 30% upside.