By Katherine Masters and Ananya Mariam Rajesh NEW YORK (Reuters) - Some analysts and investors question Nike's move to sell its sneakers and clothing through other retailers including Macy's as Americans grow more cautious in their spending. Roughly two years ago, Nike said it would pull the plug on certain wholesale relationships. It aimed for 60% of its revenue to come from direct sales to shoppers by 2025. But earlier this month, executives at Macy's and Designer Brands, the parent company of DSW, said they would return to selling Nike shoes or clothing, starting this fall. On Thursday, Nike CEO John Donahoe said its return to wholesale distribution of Nike merchandise is "a continued evolution" of its strategy to reach as many shoppers as possible, including through department stores and other chains.