This study reviews critically the performance of financial ratios in retail industry. The data obtained from OSIRIS database was analysed by Statistical Package for Social Sciences (SPSS) software version 22 (Test of normality, Kruskal-Wallis Test, Comparison of means, Correlation and Regression Analysis). Our main findings showed that retailing companies in Malaysia contribute high means value for ROCE, ROA, profit margin, current ratio, liquidity ratio, solvency ratio and number of employees. While Japan showed the highest means value of sales growth rate and USA showed high means value of ROE, market capitalization, number of shareholders, and number of subsidiaries over the period 2008-2012. The results support the first hypothesis which stated that, sales growth rate of retail companies in Japan is better than the USA. While, the results did not contribute to the second hypothesis, which stated that Japan and USA have a successful performance of financial ratios compared to Malaysia. Lastly, the results support our third hypothesis; the corporate variables influence the performance of financial ratios of the retailing companies.