How to restore the native Zip file integration in Windows. Fix Extract All missing option.

Step 1: Run Command Prompt as Administrator. Do this by clicking in the following order: 
Start > All Programs > Accessories > Right Click on Command Prompt > Select Run as Administrator 

Step 2: Type in the following commands as exactly into the Command Prompt: 

regsvr32 /u /s zipfldr.dll then hit Enter 

Step 3 Next type in the following 

regsvr32 /i /s zipfldr.dll then hit Enter

Step 4: Fix the file association

cmd /c assoc .zip=CompressedFolder

If it still do not work then you have an incomplete windows Install or the zipfldr.dll files are missing in C:\Windows\System32. So run windows restore or windows repair

The alternate option for you is to use the Winrar http://www.win-rar.com/download.html?&L=0

Or Download WinZip.