Correct. Out of the box the default Shop page should be recognized by this theme though with resorting changes via short codes. This was just one example though.
Other typical Woocommerce settings such as the Site Notice, Related Products, etc (and there are more) are also not facilitated within this theme.
Yes they can somewhat be controlled by functions via a code snippet or placed in a child theme functions.php file but that shouldn’t be the default way. Whenever this theme is activated the standard Customizer is no longer available. That relegates this theme to be pretty much a “blog only” theme in my opinion.
The only solution for Woocommerce via this theme is if they add back the Customizer where Woo can be configured easily.