Shoe retailer Footstar Inc has delayed filing its form Q10 quarterly report with the US Securities and Exchange Commission because of discrepancies in its accounts payable balances.

The company said it would restate previous results, but currently estimates it understated accounts payable by up to about $35 million as of 28 September. Most of the discrepancies are believed to come from its athletic segment.

Footstar has suspended all financial guidance until it clarifies the effects of the restatements.