Leading footwear chain Footstar Inc has failed to complete restatement of its financial statements for fiscal years 1997 through June 2002 the previously announced date of October 31. The New York-based operator of 438 Footaction stores said in a news release it now expects the restatement to reduce earnings by $51m to $55m pre-minority interest and taxes, or $31m to $38m after minority interest and taxes, over the five and half year period.