'We're seeing a dichotomy in retail recovery': J.P. Morgan analyst

Matt Boss, J.P. Morgan equity research analyst, joins 'The Exchange' to talk about the retail recovery playbook. There will be a three-wave recovery for retail with the first wave a sentiment shift towards fashion-oriented clothes as mobility increases outside the home. The second wave will be clothes tied to returning to the office and the new normal, while the third wave will be more on focused on tourism and travel.