The screen does not retract but it does have adjustability:
Up/Down: It offers 5 patterns of vertical adjustment (up to 2.375" or 60mm) in 0.5625" or 15mm steps.
Left/Right: It offers 3 patterns - Left 1.1875" (30mm), Centered (default), or Right 1.1875" (30mm).
Forward/Back: You can choose from 2 patterns - Back (Flush) or Forward (0.75" or 20mm)
Tilt Angle: In addition to its vertical 90 degree angle (default), the monitor can be adjusted 15 degrees back or 60 degrees forward.