Swedish fashion retailer H&M has had a weak start to the third fiscal quarter, with sales in June expected to be 6% below the previous year’s level in local currencies, the company announced on Thursday in Stockholm. Bad weather at the beginning of the month in many of H&M’s large markets had particularly impacted business, the company said. Additionally, the sales figures in June 2023 had been comparatively high. Nevertheless, new H&M chief executive Daniel Ervér is sticking to his annual target, aiming for an operating margin of 10% in 2024. “However, the conditions for achieving that level …