As expected, Footstar, Inc. on Monday informed the SEC that it will not file its Form 10-Q for the quarterly period ended September 27, 2003, by November 12, 2003 when it is otherwise due because its financial statements are not yet complete.

As announced on October 31, 2003, the Company continues to work with KPMG to complete the audit process following the the discovery last November of accounting discrepancies, which will require a restatement of the Company’s
financial results for the first half of 2002 and prior periods. Once KPMG completes its review, the Company will release the results of the restatement, its audited financial results for fiscal 2002 and its results for the first, second and third quarters of fiscal 2003. The Company will file its Form 10-Q as soon as practicable.