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This domain name is ideal for an e-commerce or retail brand.
The name "ShoeThat" has eight characters and only two syllables. Two-syllable names are highly rare and highly desirable. Successful brands using two syllable names include Kleenex, Starbucks and Sony.
This domain was first registered in February 2020. Older domains have an advantage when ranking in search engines.
Shoethat.com is a dot-com domain. Dot com domains are the most valuable top-level-domain in the world, famously used by websites like twitter.com. Once secured, a dot-com all but guarantees no-one else can outrank you for your own name in the long run.
One suggestion for how this name could sound when used.