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This domain name is ideal for an e-commerce or retail brand.
The word "ShoeThat" contains eight letters and only two syllables. Two-syllable names are exceptionally rare and highly valuable. Two syllable names are used by established brands like Subway, Visa and Boeing.
Shoethat.com is a dot-com domain. Dot com domains are the most valuable domain extension in the world, famously used by websites like youtube.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.