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This creative brand name is a play on the word "hire" (-yre) and the word "shopping". It can be used by many companies.
The name "Shopyre" has seven characters and just two syllables. Two-syllable names are extremely rare and highly sought after. Established brands using two syllable names include Subway, Gillette and Starbucks.
This domain was first registered in October 2016. Older domains have an advantage when ranking in search engines.
Shopyre.com is a dot com domain. Dot com domains are the most desirable domain extension in the world, famously used by websites like google.com. When you own a dot com, it is much easier to rank for your own name in search engines.