By Amber Murray Baby products brand Mothercare has reported a drop in sales as it continues to struggle with post-pandemic demand, but has said its new deal with Indian giant reliance will help to shape a turnaround. The retailer said the decline was mainly due to “continuing challenges” in Middle East markets. It told markets this morning that worldwide retail sales fell by 13 per cent during the year, from £322.7m in 2023 to £280m in 2024. Profit for the year was £3.3m, up from a loss of £0.1m last year after the company re-financed its debt. Net borrowings increased by £2.3m year on year, t…