Please remember that since there are no central servers in Swarm City that no data is being stored outside of your own device. You are the sole owner of your information.
There is no password recovery, however, a user can assign a new password to their own wallet by initializing their wallet using a private key. The password you create is used to encrypt your wallet exclusively on each device or browser. This means you can also sync your wallet on multiple devices or browsers and create a new password specific to each.