JUST FOR FEET INC
SC 13G/A, 1998-03-11
SHOE STORES
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<PAGE>
 
                                                  ---------------------------
                                                         OMB APPROVAL
                                                  ---------------------------
                                                   OMB No. 3235-0145
                                                   Expires December 31, 1997
                                                  ---------------------------



                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                SCHEDULE 13G/A
                                Amendment No. 2

                   Under the Securities Exchange Act of 1934



                              JUST FOR FEET, INC.
                        ------------------------------
                               (Name of Issuer)

                   Common Stock, par value $.0001 per share
                  -------------------------------------------
                        (Title of Class of Securities)

                                 48213 P 10 6
                            -----------------------
                                (CUSIP Number)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                     (Continued on the following page(s))



                               Page 1 of 6 Pages
 
<PAGE>

 
- -------------------------                                 --------------------
  CUSIP NO. 48213 P 10 6                13G                Page 2 of 6 Pages
- -------------------------                                 --------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      
             Harold Ruttenberg

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 
- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
             United States of America

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF                  5,340,049
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                                513,531
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING                   3,499,047
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                                513,531
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
             5,853,580

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
             20.5%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
             IN

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>


- -----------------------                               ------------------------
  CUSIP NO. 48213P 10 6                 13G              Page 3 of 6 Pages
- -----------------------                               ------------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      
      Pamela Ruttenberg

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      United States of America

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            -0-
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          -0-
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             1,841,002
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          -0-
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      1,841,002

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      6.5%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      IN

- ------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>
 
Item 1(a).   Name of Issuer.
- ---------    --------------
 
         Just For Feet, Inc.

Item 1(b).  Address of Issuer's Principal Executive Offices.
- ---------   ----------------------------------------------- 

         7400 Cahaba Valley Road, Birmingham, Alabama 35242

Item 2(a).  Name of Person Filing.
- ---------   --------------------- 

         This statement is filed by:
               Harold Ruttenberg
               Pamela Ruttenberg

Item 2(b).  Address of Principal Business Office or, if none, Residence.
- ---------   ----------------------------------------------------------- 

         7400 Cahaba Valley Road, Birmingham, Alabama 35242

Item 2(c).  Citizenship.
- ---------   ----------- 

         Both Mr. and Mrs. Ruttenberg are citizens of the United States.

Item 2(d).  Title of Class of Securities.
- ---------   ---------------------------- 

         Common Stock, par value $.0001 per share

Item 2(e).  CUSIP Number.
- ---------   ------------ 

         48213P 10 6

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
- ------  ------------------------------------------------------------------------
        whether the person filing is a:
        ------------------------------ 

         Not Applicable

Item 4. Ownership.
- ------  --------- 

        (a)  Amount Beneficially Owned as of December 31, 1996:

            (i) Harold Ruttenberg: 5,853,580 shares (includes 3,499,047 shares
               owned individually by Harold Ruttenberg, 137,686 shares owned by
               the Ruttenberg Family Foundation, of which Mr. Ruttenberg serves
               on the Board of Directors, 375,845 shares owned by the Harold and
               Pamela Ruttenberg Foundation, of which Mr. Ruttenberg serves on
               the Board of Directors and 1,841,002 shares owned by Pamela
               Ruttenberg which are subject to a Voting Trust, pursuant to which
               Harold Ruttenberg has the power to vote such shares, although
               Pamela Ruttenberg retains the power to dispose of such shares)

                               Page 4 of 6 Pages
<PAGE>
 
            (ii) Pamela Ruttenberg: 1,841,002 shares

        (b) Percent of Class:

            (i)  Harold Ruttenberg: 20.5%
            (ii) Pamela Ruttenberg: 6.5%

        (c)  Number of Shares as to Which Such Person has:
            (A) Harold Ruttenberg:
               (i)   sole power to vote or to direct the vote: 5,340,049
               (ii)  shared power to vote to direct the vote: 513,531
               (iii) sole power to dispose or to direct the disposition of:
                         3,499,047
               (iv)  shared power to dispose or to direct the disposition of:
                         513,531

            (B) Pamela Ruttenberg:
               (i)   sole power to vote or to direct the vote: -0-
               (ii)  shared power to vote to direct the vote: -0-
               (iii) sole power to dispose or to direct the disposition of:
                         1,841,002
               (iv)  shared power to dispose or to direct the disposition of: 
                         -0-

Item 5. Ownership of Five Percent or Less of a Class.
- ------  -------------------------------------------- 

         Not Applicable

Item 6. Ownership of More than Five Percent on Behalf of Another Person.
- ------  --------------------------------------------------------------- 

         Not Applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the
- ------  ----------------------------------------------------------------------
        Security Being Reported on by the Parent Holding Company.
        -------------------------------------------------------- 

         Not Applicable

Item 8. Identification and Classification of Members of the Group.
- ------  --------------------------------------------------------- 

         Not Applicable

Item 9. Notice of Dissolution of Group.
- ------  ------------------------------ 

         Not Applicable

Item 10.  Certification.
- -------   ------------- 

         Not Applicable

                               Page 5 of 6 Pages
<PAGE>
 
                                 SIGNATURE



After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.



Date:    March 9, 1998                     /s/ Harold Ruttenberg
     ---------------------                 ----------------------------------
                                           Harold Ruttenberg


                                           /s/ Pamela Ruttenberg
                                           ----------------------------------
                                           Pamela Ruttenberg


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