If you need to make changes to the inventory status labels, you need to follow a few simple steps. First, log in to the Shopify Admin and navigate to the Online Store > Themes > Edit Default Theme content. Once there, search for the inventory status labels.

For In stock labels:

For products with pending inventory transfers, search for the Back in stock text:

For out-of-stock products that can still be sold on the Online store, search for the Backordered, shipping soon text:

For Low stock labels:

You can now rephrase each label according to your requirements. Once you have made the necessary changes, click on the "Save" button to save your modifications.