Yes, it is possible.
There are usually 2 ways. If the theme has been implemented using best practices, you can go to Online Store > Themes
On the current Theme click Actions > Edit languages
Here you can select the specific section like Products, for example, and scroll the strings to find the desired one.
Or you the Filter functionality
If it is not present here, it is "hard-coded" in the Theme and you need to search and modify the specific file where this string appears.
Dear @drakedev !
Thank you for your reply, yes i tried with the Edit languages option but this doesn't appear there sadly.
Do you have any suggestions where these strings are usually stored in the theme's code? Or this is unique always?
Thank you in advance!
Yes , we definitely change the name.
There are two ways:-
1. We can change the name directly from the code file.
2. We can give theme/section settings to change the name , so in future one can easily edit/change the name using theme editor
Can you post the link to your store and also write the name of the Shopify theme you are using?