Nike has reported a 12 percent sales increase to $518 million for Cole Haan in the financial year ended May 31. The brand's turnover is projected to rise to more than $750 million by the 2014-15 fiscal year. The use of Nike Air has helped sustain Cole Haan's growth lately, and the group is considering the adoption of other Nike technologies for the brand going forward. The product development focus will be extended from men's shoes to women's shoes and accessories.